Impact of Domestic Economic Conditions, Personal Consumption and Weather on Performance
First written in FY2017. 8 of 21 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
Life moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Store count and risk factors updatedAnnual report
「The Group operates 317 food supermarkets, comprising 147 stores in the Tokyo metropolitan area and 170 in the Kinki region, but changes in market needs affecting the food supermarket business may occur, including changes in economic conditions and personal consumption, changes in the domestic economic environment such as population ageing and decline, fluctuations in commodity prices, diversification of customers' purchasing behaviour and values, and changes in the competitive environment.」
Updated the store count to 147 in the Tokyo metropolitan area, 170 in the Kinki region and 317 in total, and explicitly identified the diversification of customers' purchasing behaviour and values as a change in market needs. - FY2024Store count and risk factors updatedAnnual report
「The Group operates 305 food supermarkets, comprising 138 stores in the Tokyo metropolitan area and 167 in the Kinki region, but changes in the environment resulting from trends in the domestic market, which have a significant impact on food supermarkets, including trends in the domestic economy such as economic conditions and personal consumption, commodity prices and competitive conditions, may occur.」
Updated the store count from 132 in the Tokyo metropolitan area, 164 in the Kinki region and 296 in total to 138, 167 and 305, respectively. Continues to identify the domestic economy, commodity prices and competitive conditions as risk factors. - FY2024-Q2SoftenedAnnual report
「Japan's economy during the second quarter of the current consolidated cumulative period remained uncertain due to continued inflation caused by persistently high resource prices, an economic slowdown resulting from global monetary tightening, and the effects of the weaker yen. However, as domestic socioeconomic activity moved toward normalization following the reclassification of COVID-19 under the Infectious Diseases Control Law and the lifting of restrictions on activity, the economic growth rate for April to June remained firm and corporate earnings performed well.」
States that, although uncertainty about the outlook remains, social and economic activity is normalising, economic growth remains solid and corporate earnings are strong. - FY2023Store count and risk factors updatedAnnual report
「The Group operates 296 food supermarkets, comprising 132 stores in the Tokyo metropolitan area and 164 in the Kinki region, but changes in the environment resulting from trends in the domestic market, which have a significant impact on food supermarkets, including trends in the domestic economy such as economic conditions and personal consumption, commodity prices and competitive conditions, may occur.」
Updated the store count to 132 in the Tokyo metropolitan area, 164 in the Kinki region and 296 in total, and continues to identify economic conditions, personal consumption, commodity prices and competitive conditions as domestic market risks. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal period, Japan's economic outlook remained uncertain. Although there were signs of progress toward normalizing economic activity, including COVID-19 booster vaccinations and the lifting of quasi-emergency measures, tensions surrounding Ukraine and soaring resource prices continued to weigh on the outlook.」
States that, although the domestic economy is showing signs of normalisation, the outlook remains uncertain due to heightened tensions surrounding Ukraine and soaring resource prices. - FY2022Store count and risk factors updatedAnnual report
「The Group operates 285 food supermarkets, comprising 125 stores in the Tokyo metropolitan area and 160 stores in the Kinki region. However, changes in the environment arising from trends in the domestic market that have a significant impact on food supermarkets, including economic conditions and personal consumption, commodity markets and the competitive environment, may occur.」
Updated the store count to 125 in the Tokyo metropolitan area, 160 in the Kinki region and 285 in total, and explicitly identified competitive conditions, in addition to the previously stated economic conditions, personal consumption, commodity prices and natural disasters, as domestic market risks. - FY2022-Q3SoftenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy saw some recovery in services consumption and other areas after the state of emergency was lifted at the end of September, although the recovery remained weak.」
Regarding the domestic economy, the company describes a partial recovery in services consumption and other areas after the state of emergency was lifted, while stating that the recovery remained weak. - FY2022-Q2WorsenedAnnual report
「During the first half of the current consolidated fiscal period, Japan's economic outlook remained uncertain due to the rapid resurgence of COVID-19 variants, despite some signs of recovery in employment conditions and corporate earnings.」
While acknowledging signs of a partial recovery in the domestic economy, the company states that the outlook remains uncertain due to the rapid resurgence of infections caused by variants. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained uncertain as the recovery in corporate activity and personal consumption was delayed by the resurgence of COVID-19.」
Regarding the domestic economy, the company states that the recovery in corporate activity and personal consumption was delayed by the resurgence of COVID-19 and that the outlook remains uncertain. - FY2021Store count and risk factors updatedAnnual report
「As a food supermarket operator, the Group operates a total of 280 stores, comprising 122 stores in the Tokyo metropolitan area and 158 stores in the Kinki region. Accordingly, trends in the domestic economy, including economic conditions and personal consumption, commodity markets, and natural disasters such as typhoons may affect the Group's operating results and financial condition.」
The store network has been updated to 122 stores in the Tokyo metropolitan area, 158 stores in the Kinki region and 280 stores in total. The domestic economy, commodity markets and natural disasters such as typhoons continue to be identified as risk factors. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal period, Japan's economy remained in a difficult situation as corporate activity and personal consumption stagnated due to the COVID-19 pandemic. From November onward, cases surged nationwide, resulting in what was described as a third wave of infections, leaving the future economic outlook uncertain.」
Regarding the domestic economy and personal consumption, the company describes continued stagnation and uncertainty over the economic outlook due to the third nationwide wave of infections. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy faced a severe test as corporate activity and personal consumption stagnated due to the impact of COVID-19, and GDP growth in the April–June quarter recorded the largest contraction in the postwar period.」
Regarding the domestic economy and personal consumption, the company describes stagnation in corporate activity, the largest postwar contraction in GDP and the spread of infection, indicating that conditions had become more severe than in the previous quarter. - FY2021-Q1WorsenedAnnual report
「However, in the food supermarket industry, which is the Group's business area, new lifestyles such as refraining from nonessential and nonurgent outings, the promotion of telework and home-based learning have rapidly stimulated stay-at-home and home-meal demand, resulting in a substantial expansion in sales in the immediate term. At the same time, the global stagnation of economic activity caused by COVID-19 is expected to become apparent in Japan in the form of deteriorating corporate earnings and weak personal consumption.」
The company describes the recent expansion in food supermarket sales, while stating that the global stagnation of economic activity is expected to become apparent through deteriorating corporate earnings and weak personal consumption. - FY2020Store count and risk factors updatedAnnual report
「As a food supermarket operator, the Group operates a total of 275 stores, comprising 121 stores in the Tokyo metropolitan area and 154 stores in the Kinki region. Accordingly, trends in the domestic economy, including economic conditions and personal consumption, commodity markets, and natural disasters such as typhoons may affect the Group's operating results and financial condition.」
The store network was updated to 121 stores in the Tokyo metropolitan area, 154 stores in the Kinki region and 275 stores in total, with the domestic economy, commodity markets and natural disasters such as typhoons identified as risk factors. - FY2020-Q3WorsenedAnnual report
「While improvements in employment conditions and stable prices have been observed, consumer purchasing patterns have changed following the consumption tax increase implemented in October 2019, raising concerns about its impact on personal consumption. The economic outlook therefore remains subject to unstable factors.」
Regarding the domestic economy, the company states that purchasing patterns changed after the consumption tax increase and that its impact on personal consumption is a concern. - FY2019Store count and risk factors updatedAnnual report
「As a food supermarket operator, the Group operates a total of 270 stores, comprising 118 stores in the Tokyo metropolitan area and 152 stores in the Kinki region. Accordingly, trends in the domestic economy, including economic conditions and personal consumption, commodity markets, and natural disasters such as typhoons may affect the Group's operating results and financial condition.」
The store network was updated from 264 to 270 stores, and commodity markets and natural disasters such as typhoons are identified as risk factors arising from domestic market conditions. - FY2019-Q2SoftenedAnnual report
「The real GDP growth rate for the April–June quarter turned positive for the first time in 2 quarters, and capital investment is on an upward trend as corporate earnings remain firm.」
Regarding the domestic economy, the company describes the return of real GDP growth to positive territory, firm corporate earnings and an upward trend in capital investment. - FY2019-Q1WorsenedAnnual report
「Signs of a slowdown have emerged, including the real GDP growth rate for the January–March quarter turning negative for the first time in 9 quarters.」
Regarding the domestic economy, the company describes a shift from its previous expectation of moderate expansion to negative real GDP growth and a slowdown. - FY2018-Q3SoftenedAnnual report
「These conditions are expected to continue, supported by a robust overseas economy, accommodative monetary policy and proactive fiscal spending, and Japan's economy is expected to expand moderately.」
The company expects Japan's economy to expand moderately, supported by the overseas economy, accommodative monetary policy and fiscal spending. - FY2018-Q2SoftenedAnnual report
「Against a backdrop of rising exports, capital investment has been increasing moderately as corporate earnings and business sentiment improve, while personal consumption has been gaining strength amid steady improvements in employment and income conditions.」
The company describes improvements in the domestic economy, capital investment, employment and income conditions, and personal consumption, indicating that the previously noted weakness in economic activity and consumption has eased. - FY2017First statedAnnual report
「The Group operates 264 supermarkets in Japan, comprising 116 stores in the Tokyo metropolitan area and 148 stores in the Kinki region. Accordingly, changes in domestic economic conditions, including economic trends and personal consumption, and weather phenomena such as cool summers and warm winters may affect the Group's business performance and financial condition.」
Identifies economic conditions, personal consumption and weather phenomena such as cool summers and warm winters as performance risks based on a 264-store domestic network.